Trade as transfers, GATT and the core

Jan 1, 2000
By: Kowalczyk C; Sjöström T Economics Letters 163 - 169
Carsten Kowalczyk
Display Name
Carsten Kowalczyk
Abstract
We show in our model of international monopoly trade that transfers proposed by Grinols [Grinols, E.L., 1981, An extension of the Kemp-Wan theorem on the formation of customs unions. Journal of International Economics 11, 259-266.] support the grand coalition as a core allocation. We compare these transfers to those supporting the Shapley value © Elsevier Science S.A.
Copy Citation Kowalczyk, C., & Sjöström, T. (2000). Trade as transfers, GATT and the core. Economics Letters, 66(2), 163-169. doi:10.1016/s0165-1765(99)00221-9 Copied to clipboard.
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